The US Dollar was pushed lower once again as stronger than projected retail sales and industrial production out of China helped push risk higher. The risk appetite was short lived however once traders were able to digest the full bag of data and realize that poor bank lending rendered the compilation of data as mixed. The lackluster reaction of Chinese equities helped to reinforce the mindset that overall the data release could be deemed neutral until further investigation. Equities out of Shanghai eventually turned red, helping to pull other indexes in Asia close to flat on the day. Full text »
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